Singer v. Guarantee Trust & Safe Deposit Co.

Citations

• 24 Pa. Super. 270
• 1904 Pa. Super. LEXIS 169

Syllabus

<p>Taxation — Collateral inheritance tax — Decedent’s estates — Nonresident decedent.</p> <p>Where a person domiciled in another state executes a revocable deed of trust by which she gives stocks and stock trust certificates to a trust company in Pennsylvania, to pay the income therefrom to herself for life, and after her death the principal thereof to persons named, not lineal descendants, and the trustee is given power “ to sell the same and reinvest the proceeds in good securities,” the state of Pennsylvania is entitled to a collateral inheritance tax on the trust estate after the death of the decedent, where it appears that the securities were held in Pennsylvania by the trust company, that no ancillary letters were granted in Pennsylvania, that the fund was not claimed by decedent’s executors for the payment of debts, and that the proceeds of the securities were paid over to the persons named in the deed of trust less the amount of the collateral tax.</p>